U.S. banks are taking massive hits, with unrealized losses on their securities skyrocketing to $750 billion by Q3 of 2024. That’s seven times higher than the unrealized losses reported during ...

U.S. banks held $482.4 billion in total unrealized losses on securities investments at the end of 2024, according to Federal Deposit Insurance Corporation data, an increase of $118 billion, or 32. ...

Industrywide, total unrealized losses could top $500 billion, up from $364 billion at the end of the third quarter. These losses involve all banks insured by the FDIC.

Total unrealized losses were -$512.9 billion in 2Q24, a slight improvement of $3.6 billion from the prior quarter. However, as the FDIC stated: ...

Overall though, the latest FDIC report suggests stability in the banking sector. Net interest income rose by $4.5 billion in the quarter, the net interest margin was up for banks of all sizes, and ...

However, banks also reported slight growth in provision expenses against potential loan losses. Those expenses were up 0.3% quarterly to $22.5 billion, and now stand 9.1% higher than a year ago.

Even though the FDIC guarantees consumer deposits up to $250,000 per bank account, it does not have the cash to cover a massive wave of bank failures that simultaneously sweep across the nation.